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The article reviews J.M.Keynes' Collected Works, recently republished in paperback edition. The author proposes a number of reading paths along the thirty-volumes strong collection, highlighting the development of Keynes' ideas and activities.
Persistent link: https://www.econbiz.de/10010765232
Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macroeconomics of the medium-run. This paper recounts the history of Solow’s different attempts to address this issue. It starts in early 1950s when Solow...
Persistent link: https://www.econbiz.de/10010711110
The Pigou effect was conceived to counter Keynes’s argument that a competitive economy could remain in the state of high unemployment. Before he introduced this idea, Pigou had debated with Keynes the same question of whether an economy has the tendency to recover full employment. He lost in...
Persistent link: https://www.econbiz.de/10010720644
Modern growth theory derives mostly from Robert Solow’s “A Contribution to the Theory of Economic Growth” (1956). Solow’s own interpretation locates the origins of his “Contribution” in his view that the growth model of Roy Harrod implied a tendency toward progressive collapse of the...
Persistent link: https://www.econbiz.de/10010720649
prices. Thus, Patinkin to the contrary, it is suggested we can give Kalecki credit for anticipating part of the essential …In a closely argued book, Patinkin [1982] has concluded that Michal Kalecki did not anticipate the General Theory. The …. Focused on Kalecki?'s 1934, article, that Patinkin did not know, this study shows: i) that Kalecki set out a static …
Persistent link: https://www.econbiz.de/10008578748
Scholars who in recent years have studied the Sraffa papers held in the Wren Library of Trinity College, Cambridge, have concluded from Sraffa’s critical (but unpublished) observations on Chapter 17 of Keynes’s General Theory that he rejected Keynes’s...
Persistent link: https://www.econbiz.de/10011147339
History has witnessed many great individuals who have had unforgettable impact and great influences on societies that they may not last for centuries. Among these, doubtless to say, John Maynard Keynes was one of the most influenced social scientists. It is therefore the subject of this study to...
Persistent link: https://www.econbiz.de/10011111470
This paper critically analyses Bateman's interpretation of Keynes's thought as presented in his 1996 book, Keynes's Uncertain Revolution. The book has two main aims. One is to present a 'thick' history of the evolution of Keynes's thinking on probability and uncertainty, by which is meant a...
Persistent link: https://www.econbiz.de/10005392572
effectively ignored by neoclassical macroeconomics. In contrast, Kalecki's approach brings to the forefront the sources of profits …
Persistent link: https://www.econbiz.de/10013074584
In a programmatic article Alfred Eichner explained, from a Post Keynesian perspective, why neoclassical economics is not yet a science. This was some time ago and one would expect that Post Keynesianism, with a heightened awareness of scientific standards, has done much better than alternative...
Persistent link: https://www.econbiz.de/10011260631